Kimlun Rides Infrastructure Boom

07-Oct-16 09:20

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Following its semi-annual analyst briefing, RHB Research is maintaining its BUY call on Kimlun Corp with a higher target price of MYR2.39. Further upside is seen from its exposure to the Klang Valley MRT project and government's wider initiative to push for the usage of industrialised Building System (IBS) in the industry. Wider risks related to a possible slowdown in Iskandar,Johor may affect Kimlun's orderbook in the region.

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Tags: Iskandar, Kimlun, MRT, IBS, Malaysia equities, Construction

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